ORDER :

C.M. APPL. No. 17945/2019 (exemption) in I.T.A. No. 391/2019

1. Allowed, subject to all just exceptions.

2. The application stands disposed of.

C.M. APPL. No. 17946/2019 (condonation of delay in re-filing) in I.T.A. No. 391/2019

C.M. APPL. No. 17378/2019 (condonation of delay in re-filing) in I.T.A. No. 380/2019

3. There is a delay of 296 days in re-filing the appeals. For the reasons stated in the applications, the delay is condoned.

4. The applications stand disposed of.

I.T.A. No. 391/2019 and I.T.A. No. 380/2019

5. The present appeals filed under Section 260A of the Income Tax Act, 1961 [hereinafter referred to as the ‘Act’] are directed against the common order dated 07.12.2017 passed by the Income Tax Appellate Tribunal [hereinafter referred to as ‘ITAT’] in ITA No. 3171/DEL/2011 and ITA No. 3172/DEL/2012 along with corresponding cross objections bearing CO. No. 275/DEL/2011 and CO. No. 274/DEL/2011, for Assessment Years [hereinafter referred to as ‘AY’] 2001-02 and AY 2002-03 respectively.

6. Considering the fact that the appeals arise from a common impugned order and raise identical questions of law, the same are being decided by way of this common order. The brief factual ma